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Europe upstream in brief

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13 January 2021

Europe upstream in brief

Report summary

Welcome to the Europe upstream in brief where we bring you quick, responsive opinion and analysis on all that's going on in European oil and gas. The report provides rolling coverage of events, with stories posted to this page within 24 hours of any announcement, where possible. Our Wellwatcher and Dealhunter columns are published fortnightly and offer insight and opinion on a range of Exploration and M&A topics.

Table of contents

  • Lots to look for in European exploration in 2021
  • Norway’s carbon taxes are set to rise
  • Sval Energi to acquire Edison’s Norwegian portfolio for US$300 million
  • i3 Energy relinquishes Liberator in UK’s Moray Firth
  • Viaro Energy buys SSE assets for £120 million
  • ConocoPhilips announces second large Norway discovery in two months
  • Energean completes acquisition of Edison E&P
  • UK oil and gas industry on brink of change as UK Government publishes Energy White Paper
  • Podcast: What to look for in Europe’s upstream in 2021
  • Equinor’s large Snorre Expansion Project onstream early and under budget in Norway
  • Decommissioning in the UK: the cash flow vs. cost savings operator dilemma
  • Surprise result in Romania’s parliamentary election could delay upstream reforms
    • Agenda
  • Denmark becomes the first major producer to call time on oil and gas
  • ADX Energy becomes sole explorer in Austria’s Molasse basin
    • Agenda
  • Ithaca and BP bring Vorlich onstream
  • SpotOn Energy’s entry revives hopes for Ireland’s offshore Barryroe project
  • Norway launches its frontier 25th licensing round
  • Podcast: Mitigating upstream investment risk in the North Sea
  • North Sea explorers – finding more with less
  • Trans Adriatic Pipeline (TAP) start-up marks the completion of Europe’s Southern Gas Corridor
  • LUKOIL plans to exit the Black Sea
  • Podcast: Norway’s temporary tax terms boost upstream activity
  • Total delays start-up at Tyra redevelopment
    • Introducing Lens Upstream Optimisation
  • Majors’ Northern Endurance Partnership to develop offshore CO 2 infrastructure in North Sea
  • Equinor sets net zero ambition
  • Nitrogen impasse threatens to derail Wintershall Noordzee’s Netherlands oil project
  • Podcast:In-depth look at Romania’s upstream sector
  • Norway’s Hammerfest LNG outage extended to a year after fire incident
  • TPAO’s world-class Black Sea Sakarya gas discovery just got bigger
  • Valeura Energy sells Turkish conventional gas business to focus on Thrace tight gas play
  • Doing more with less – the recent revival of North Sea exploration
  • Eni awarded carbon storage licence for Liverpool Bay area
  • Chrysaor buys Premier through reverse takeover
  • Recent North Sea exploration activity and performance: a Lens Upstream snapshot
  • What next after Turkish Petroleum completes controversial well offshore Cyprus?
  • Lundin Energy strengthens its Barents Sea position in US$125 million deal
  • Strike action shuts-in production at six Norwegian fields
  • Wintershall Dea to switch its German upstream facilities to 100% green power by 2021
  • Lower production cap imposed at Shell and ExxonMobil’s giant Groningen field in the Netherlands
  • The new North Sea Financial Flexibility Index
  • Equinor takes FID at Breidablikk in Norway
  • Vermilion Energy and IPC’s Paris Basin assets affected by Total’s French refinery conversion
  • Is a Premier Oil-Chrysaor merger on the cards?
  • Podcast: Technology for a Net Zero North Sea
  • PGNiG steps closer to its Norwegian gas target with two acquisitions from Shell
  • Partners at Romania’s Midia Gas Development reach another key milestone
  • TPAO’s Kanuni drillship reinforces Turkey's Black Sea exploration charge
  • ONE Dyas to restart drilling at large Kampen prospect, offshore Netherlands
  • Closing the Gap - Technology for a Net Zero North Sea
  • Podcast:Exploration in the North and Black Seas
  • What does Turkey’s giant discovery mean for the Majors in the Black Sea?
  • UK’s 32nd Offshore Licensing Round: strong uptake but an uncertain future
  • Exploration in the North Sea: a recent renaissance
  • UK decommissioning discussed at Decom North Sea
  • Delek aims to cash in on Ithaca
  • Buzzard Phase II the latest UK project to be delayed
  • The (pressing) case for UK consolidation
  • TPAO lands a giant catch with Black Sea Tuna-1 well
  • Norwegian Yme project faces further delays
  • What is Shell up to in the UK’s Southern Gas Basin?
  • Equinor announces new CEO
  • Neptune Energy strikes oil at Dugong in Norway
  • Equinor sells a portion of its UK Bressay heavy oil discovery to EnQuest
  • Delays at Rembrandt & Vermeer paint bleak Dutch picture
  • Will the Chevron-Noble deal kick-start a new wave of East Med M&A?
  • Small-cap M&A gets a post-crash kick-start in Continental Europe
  • Chevron strengthens East Med position with acquisition of Noble Energy
  • PKN Orlen on course to become Poland’s national energy giant
    • Norway players given a boost by temporary tax incentives - now in our Lens upstream dataset
  • Podcast: Electrification of North Sea platforms
  • Ireland’s Kinsale area gas fields end production
  • Equinor’s giant Johan Castberg 'delayed' as coronavirus impact bites
  • Premier Oil pulls out of UK deal with Dana Petroleum
  • Viaro Energy agrees US$310 million deal to acquire RockRose
  • Eni delays Montenegro wildcats to 2021
  • Energean cuts Edison E&P purchase price by US$466 million
  • The times they are a-changin’ in Ireland – ExxonMobil exits and a new coalition government takes charge
  • Aker BP sanctions Hod redevelopment off Norway
  • Podcast: The post-crash outlook for Europe upstream
    • ExxonMobil and Shell to test early appetite for North Sea M&A
  • How does Continental Europe look in Lens Upstream?
  • Decarbonising Norway's upstream industry - is it profitable?
  • Aker BP and Equinor reach development consensus at the giant NOAKA project
  • After the crash - what's changed in North Sea upstream?
  • Romania revises plans for 11th licensing round amid regulatory mismatch
  • Sleipner electrification gets the go-ahead
  • Repsol exits deepwater Khan Asparuh block in Bulgaria
  • After the crash – what’s changed in Continental Europe upstream?
  • North Sea exploration: why is Norway better-placed to weather the storm than the UK?
  • Premier and BP agree revised terms for US$625 million UK deal
  • UK government releases post-Brexit Emissions Trading System proposal
  • Belorusneft strikes light oil in Belarus
  • The Majors in upstream: a Lens snapshot
  • The Majors' UK portfolios in Lens: invest or divest?
  • UK North Sea decommissioning: under the spotlight
  • Shell and ExxonMobil to seek Groningen arbitration
  • Podcast: North Sea upstream energy transition update
  • Hurricane Energy shuts-in Lancaster well
  • Total modifies UK asset sale
  • Neptune Energy cancels deal with Energean
  • Could BP sell more UK assets?
  • Premier Oil delays first gas at Tolmount, UK
  • Norway’s Northern Lights CCS project gets the go-ahead
  • Equinor sells remaining stake in Lundin for US$336 million
  • Norway responds to market challenges - a Lens snapshot
  • BP hits pause at Clair South
  • UK summertime blues: coronavirus pushes gas market to deadlock
  • UK exploration continues to deliver
  • Turkish Petroleum continues controversial Cyprus campaign
  • Norway responds to oil market challenges
  • Serica Energy announces likely delays at multiple UKCS projects
  • Expert Petroleum signs Ukraine’s first Production Enhancement Contract (PEC)
  • UK: challenging times ahead
  • What next for the Majors in the UK?
  • Europe’s small E&Ps feel the squeeze
  • Bargain North Sea crudes head to China
  • FID on Shell’s Jackdaw delayed to 2021
  • INEOS delays Forties Pipeline shut down
  • Majors apply brakes ahead of high impact exploration in Cyprus
  • Capital guidance: MOL cuts 2020 spend by 25% across value chain
  • The North Sea at US$30/bbl
  • Norwegian authorities approve Equinor’s pioneering Hywind Tampen wind farm
  • Wintershall Dea strikes oil at Bergknapp in the Norwegian Sea
  • How will the oil price crash impact near-term exploration in Europe?
  • Turkish Petroleum completes controversial Cyprus drilling campaign
  • Capital guidance: amid cuts, carbon emissions remain on the agenda
  • Equinor finalises exit from Turkey’s Thrace basin tight gas play
  • Coronavirus: impact on European gas markets
  • Norwegian government considers tax changes to support sector under pressure
    • Potentially an uptick in the immediate short-term
    • But downside risk is around the corner
    • 500,000 boe/d at risk from under development projects
  • Siccar Point and Shell push back Cambo
  • Capital guidance: the cost cuts continue
  • What are the implications for North Sea M&A at US$30/bbl?
  • European operators respond to low oil prices by cutting costs
  • Neptune Energy announces German Rhine valley discovery
  • EnQuest announces Heather and Thistle unlikely to restart
  • i3 Energy and Dolphin Drilling agree farm-in deal for Serenity, UK
  • Eni and Edison (Energean) revise Cassiopea start-up in Italy
  • Oil price crash: deep investment cuts are coming
  • One well, two discoveries – MOL finds exploration success in the Norwegian North Sea
  • Total makes UK gas/condensate discovery at Isabella
  • Oil price collapse brings market turmoil after OPEC+ fails to agree
  • North Sea exploration in a low-carbon world: a new way of thinking
  • Dutch nitrogen plant to tackle Groningen shut-in
  • A shining start for Equinor’s Northern Lights carbon capture storage (CCS) project
  • Appraisal fails to deliver at Total’s Glendronach
  • Solo Oil pulls out of 32 million Dutch deal with ONE-Dyas
  • ONE-Dyas to commence drilling of the giant Dutch Kampen
  • The imminent impact of the energy transition on North Sea M&A
  • Coronavirus: how is it impacting North Sea projects?
  • Wintershall Noordzee brings UK/Netherlands Sillimanite onstream
  • PGNiG agrees Norwegian swap deal with Aker BP
  • BP delays Clair South in search of low carbon future
  • Europe’s 2020 wildcats to watch
  • First oil for BP's West of Shetland Alligin field
  • OMV Petrom results highlight cautious optimism for Romania reforms
  • End of the road in Turkey for Equinor's Thrace basin tight gas journey
  • Wintershall Noordzee pictures mid-year FID for Rembrandt and Vermeer
  • Lens database: key price assumption update
  • UK North Sea decommissioning in the 2020s
    • North Sea M&A in the 2010s: the numbers*
  • Shell reaffirms commitment to UK Southern North Sea
  • Lundin announces decarbonisation strategy
  • Jersey Oil and Gas acquires Equinor’s stake in Verbier
  • East Med tensions rise ahead of upcoming Eni and Total exploration campaign
  • Norway’s mature licensing round 2019 – Awards in Pre-defined Areas (APA)
  • A rollercoaster of a decade has transformed European exploration
  • OMV Petrom makes further progress with Romania portfolio optimisation
  • European Green Deal 2050: challenges ahead for Europe’s upstream sector
  • Premier Oil pays up to US$870 million in UK North Sea shopping spree
  • EastMed pipelineparticipants retain ambitions of 2022 FID following non-binding supply deal
  • Equinor targets near-zero emissions from Norway operations by 2050
  • Eni returns to Albania after a 20-year absence
  • Vår Energi takes FID at flagship Norwegian project: Balder X
  • Applications are in for the UKCS 32 nd offshore licensing round
  • Ossian-Darach deliversunexpected results in the UK Southern North Sea
  • NAM resumes Dutch onshore exploration
  • Total’s Tempa Rossa finally onstream in Italy after lengthy delays
  • Equinor makes history with first production at Barnacle in UK NNS
  • Hurricane Energy’s latest well delivers mixed results
  • Coro Energy sells its Italian gas portfolio to Zenith Energy
  • Ceremony marks full completion of TANAP pipeline – the heart of Europe’s Southern Gas Corridor
  • Cairn Energy exits Norway with disposal of Capricorn Norge
  • Valeura Energy and Equinor report best tight gas results in Turkey’s Thrace basin
  • Romanian election result raises hopes of brighter offshore future
  • Total exits Ireland amid below and above-ground risks
  • Storr: Beryl Area’s latest subsea tie-back is onstream
  • ExxonMobil disposal programme: what’s for sale in Europe?
  • Dealhunter: who could buy UK's PE-backed Siccar Point?
  • ADX Energy closes in on Austria upstream entry
  • Resources rise at Rathlin Energy’s West Newton discovery onshore UK
  • European Investment Bank (EIB) to stop lending to unabated fossil fuel projects from the end of 2021
  • UK CATS pipeline system owner sold to international investment funds
  • EU approvessanctions against Turkey for drilling in Cypriot waters in East Med
  • Ithaca completes US$2 billion Chevron UK North Sea acquisition
  • Pandion Energy sells stake in Norway’s Duva field
  • Equinor makes a discovery at Echino Sør in the Norwegian North Sea
  • Cyprus approvals confirm path to development for Aphrodite
  • Private equity in the North Sea: what's next?
  • Private equity should explore more in the UK
  • MOL agrees its biggest ever M&A deal to enter Azerbaijan
  • UK government ends support for fracking in England
  • Nord Stream 2 receives Danish construction permit
  • i3 Energy hits oil at Serenity in UK Outer Moray Firth
  • Independent Oil & Gas takes FID at Core Phase 1 in UK
  • New PE-backed Waldorf Production acquires Endeavour Energy UK
  • Dealhunter: Utilities continue upstream exit– who is next?
  • More tight gas success for Valeura Energy and Equinor in Turkey
  • Tolmount East appraisal success for Premier Oil
  • PGNiG makes discovery with Shrek in Norwegian Sea
  • Neptune Energy to acquire ex-Edison North Sea assets from Energean for up to US$280 million
  • Equinor takes FID at Hywind Tampen offshore Norway
  • ONE-Dyas sells Dutch asset packages to Solo Oil and HALO
  • Turkey continues controversial East Med drilling campaign
  • Wellwatcher: how do you measure exploration success in Europe?
  • Equinor brings Norwegian giant Johan Sverdrup onstream
  • Setback in Ireland as Barryroe farm-in falls through
  • Romania proposes improvements to Offshore Law
  • US$2.7 billion Chrysaor deal for ConocoPhillips has closed
  • ExxonMobil exits Norway in US$4.5 billion deal with Vår Energi
  • Ireland pledges to phase out oil and gas exploration
  • Is Norwegian M&A set to catch fire?
  • Total and Eni confirm expanded exploration partnership in Cyprus’ prolific waters
  • Bosnia and Herzegovina joins the European licensing party
  • Equinor makes gas discovery at Ørn
  • Ukraine cancels award of giant Dolphin exploration block in Black Sea
  • Groningen gas production could cease by 2022
  • Hurricane Energy celebrates successful fractured basement appraisal at Lincoln
  • Is Europe still a draw for exploration by the Majors?
  • Valeura Energy and Equinor enjoy tight gas test success in Turkey’s Thrace basin
  • A positive result for Croatia’s 2 nd Onshore Bidding Round
  • New Italian coalition government arises after a tumultuous week
  • Romania steps closer to gas levy U-turn
  • UK M&A - are buyers still out there?
  • High-profile Irish deepwater wildcat well comes in dry
  • Equinor makes potentially commercial Barents discovery
  • First oil from Equinor’s Mariner heavy oil field in the UK Northern North Sea
  • Does Norway’s project pipeline show explorers are not delivering?
  • Cairn Energy sells half of its stake in Nova to ONE-Dyas
  • Bulgaria announces tender for deepwater Tervel block in Black Sea
  • Cyprus approves Total and Eni exploration licence deals
  • Another legacy player up for sale in the North Sea
  • IOG and CalEnergy team up for UK Southern Gas Basin development
  • Equinor announces further capex reduction at the giant Johan Sverdrup
  • Ukraine confirms winning bidder for giant Dolphin block in Black Sea
  • Romania announces long-awaited 11 th licensing round
  • Are we about to witness a North Sea private equity sell off?
  • Edison picks up acreage offshore Malta
  • OGA awards Greater Buchan Area acreage
  • Equinor’s Trestakk reaches first oil in the Norwegian Sea
  • Deepwater disappointment for Shell in Bulgaria - what next for Black Sea exploration?
  • OGA kicks off 32 nd licensing round in the UK
  • Aker BP’s Liatårnet oil discovery adds another piece to the NOAKA puzzle
  • Cuadrilla set to re-start hydraulic fracturing in northwest England
  • Petrogas and HitecVision take Total UK asset package in $635m deal
  • Equinor and Lundin Petroleum agree swap deal
  • Energean beats competition to acquire Edison’s E&P assets
  • Lyon and Warwick Deep disappoint in UK West of Shetland – what’s next?
  • Total and ExxonMobil sign deepwater concessions in Greece
  • Alpha Petroleum’s Cheviot put on hold, again
  • Equinor takes over ‘development operatorship’ of Wisting from OMV in the Norwegian Barents Sea
  • ExxonMobil weighs up US$3.2 billion Norway exit
  • Siccar Point’s Cambo – a core part of the PE-backed player’s growth story
  • Lundin makes two discoveries near Edvard Grieg in Norway
  • Chrysaor picks up further acreage in UK Beryl Area
  • UGV dominates Ukraine’s latest licensing round
  • OKEA IPO fails to impress
  • Could ONE-Dyas’s latest wildcat be a game changer for the UK Mid North Sea High?
  • Large UK onshore gas discovery at West Newton
  • Equinor makes discovery in the Norwegian Sea but the Barents continues tounderperform
  • Another setback in Italy for Total's Tempa Rossa oil field
  • Ukraine’s offshore Dolphin PSC tender fails to make a splash
  • Total turns on the taps at Culzean in the UK
  • PGNiG acquires a stake in the King Lear field from Total offshore Norway
  • OGA dishes out UK 31st Licensing Round Awards
  • PSC amendment opens the door for Aphrodite in Cyprus
  • 2019 M&A comes alive in the UK with two big deals in Q2 so far
  • First oil for Hurricane at Lancaster
  • Equinor announces three year delay to Rosebank FID
  • Chevron sells UK North Sea business to Delek for US$2 billion
  • CNOOC and ExxonMobil spud wildcat at Ireland's giant Iolar prospect
  • Shell gets positive results at key Shpiragu appraisal well in Albania
  • Norway's run of dry holes pulls tax incentives into the spotlight
  • Edison confirms Italy's offshore Argo Cluster is on schedule
  • Fairfield Decom: the UK’s new decommissioning JV
  • Siccar Point completes Blackrock well - what next for the UK West of Shetlands?
  • UK M&A: Majors selling and PE buying continues – but what next?
  • Wintershall Dea merger completes
  • OMV Petrom's Q1 2019 results highlight strategic challenges in Romania
  • Israel's Delek Group in pole position for Chevron's CNS package
  • PE buys from PE: Partners Group acquires HitecVision’s CapeOmega for US$1.35 billion
  • Exploration success – for the few, not the many
  • Chrysaor acquires ConocoPhillips UK assets for US$2.7 billion
  • Hurricane Energy spuds Warwick exploration well in UK fractured basement
  • Mariner start-up pushed back again
  • Ukraine flips licensing focus with offer of the large offshore Dolphin block
  • Greek offshore bonanza — new production and new licences
  • Knock, knock— who's at ConocoPhillips' door now?
  • Mime Petroleum breaks its silence with Balder and Ringhorne acquisition in Norway
  • Lundin takes FID on Solveig (formerly Luno II) in the prolific Utsira High
  • Seagull - the first to fly the UK FID nest in 2019
  • Where next for Major-led exploration in Europe?
  • Greenland prepares for new exploration campaign
  • Who will win Edison's upstream asset sale?
  • Siccar Point Energy spuds first of two exciting West of Shetland wells
  • Norway exploration sparks with latest Aker BP discovery
  • All eyes on the UK as Norway M&A activity slows down
  • Could a new volcanic theory renew exploration in the Central North Sea?
  • Ukraine licensing round fails to attract international bid
  • RockRose Energy makes IOG acquisition proposal
  • Shell and ExxonMobil's Dutch gas giant Groningen — shut in as early as 2024?
  • Equinor makes near-field discovery close to its Visund hub
  • Tulip Oil's Q/10-A onstream in the Dutch North Sea
  • ExxonMobil makes 2019's largest discovery in Cyprus
  • RockRose to quadruple its production - but what about decommissioning?
  • Neptune Energy takes FID on Duva and Gjøa P1 in the Norwegian North Sea
  • Will private equity-backed companies fill the UK exploration gap in the coming years?
  • Perenco reviewing its options - what does its portfolio look like?
  • Italy hits pause on exploration and appraisal
  • UK's first fracking site reports stable flows of 0.1 mmcfd
  • US$4 billion of UK assets about to change hands?
  • Shell farms in to UK Southern Gas Basin licences, near its operated hubs
  • Carlyle-backed Black Sea Oil & Gas takes key Romania FID
  • OGA opens Greater Buchan Area for business
  • Lundin Petroleum Capital Markets Day — the future is bright
  • Repsol acquires Mikkel stake from Total in the Norwegian Sea
  • Dutch exploration – in need of a shot in the arm
  • CNOOC's Glengorm largest UK discovery since Culzean in 2008
  • Is North Sea exploration back in the black?
  • Ukraine launches its latest licensing round
  • Lundin Petroleum increases foothold in Norwegian Utsira High
  • Korean National Oil Corporation's stake in Dana Petroleum in the spotlight
  • Progress at pre-FID fields across the UKCS
  • OMV increases its resource estimate at Wisting in the Barents Sea
  • Norway's Award in Pre-defined Areas (APA) - drilling into the detail
  • Fiscal disruption: Romania introduces turnover levy
  • DNO acquires Faroe Petroleum, but what's next?
  • Trans Adriatic Pipeline (TAP) completes EUR 3.9 billion project financing
  • The death knell for Italian exploration?
  • Norway's festive exploration campaign fails to deliver the goods
  • Dyas and Oranje-Nassau Energie (ONE) agree to merge their upstream businesses

Tables and charts

This report includes 197 images and tables including:

  • Europe discovered resource by product type
  • Viaro Energy production outlook
  • Top 10 discoveries in the Voring Basin
  • Energean production outlook
  • Denmark production profile
  • Austria licences
  • UK volumes brought onstream 2015 - 2020
  • Barryroe remaining resources
  • Barents Sea volumes discovered v exploration wells drilled (2011 – 2020)
  • Acreage offered in Norway's 25th Licensing Round
  • Large discovery strike rate (number of discoveries per 100 exploration wells drilled)
  • TAP overview
  • 2021 net production – geographic split
  • UK production in 2020
  • Overview of acquired assets
  • Average upstream emissions intensity North Sea 2019
  • Timeline of Groningen production caps
  • NPV10 breakeven of selected Norwegian pre-FID projects
  • Vermilion Energy PV10: WM Base case vs Paris Basin increased opex sensitivity
  • Chrysaor and Premier Oil production profiles
  • PGNiG Norwegian gas production outlook
  • Midia Gas Development map
  • Exploration in the Netherlands
  • Major-held Black Sea acreage
  • North Sea focused E&Ps production
  • Number of UK producers v UK production (1967 – 2025)
  • Number of producers by production range
  • Sakarya discovery
  • UK and Norway commercial volumes discovered since 2015 by development type
  • Value implications of accelerated development
  • Netherlands future upstream capex
  • Cyprus upstream value by company (01/01/2020)
  • Number of exploration wells and economically viable success rate by year in Norway
  • Eni and NOVATEK’s Montenegro wells
  • Energean-Edison deal – revised terms
  • Exploration wells drilled in Ireland since 2010
  • Aker BP production outlook
  • Romania 11th licensing round blocks on offer
  • Number of operated wells by company in Norway
  • BP's UK portfolio (maturity v value v reserves)
  • UK gas production against short-run marginal cost (SRMC) of production and total annual opex
  • UK creaming curves by basin
  • Turkish Petroleum well locations
  • Pre-FID project NPV10 breakeven: proposals vs. existing terms
  • The Majors in the UK
  • UK v Global upstream cashflows at US$30/bbl (BP, XOM, Shell and Total, 2020 – 2025)
  • Capital budget revisions: Majors
  • Capital budget revisions: Others
  • Hywind Tampen* returns under different scenarios
  • North Sea deal spend v private equity %
  • Announced capital guidance revisions of European operators
  • EnQuest’s net production
  • Previous Cassiopea outlook (Q1 2020 data)
  • Number of major project FIDs by year, 2020 risked
  • Carbon intensity of UK infrastructure hubs relative to Norway’s power from shore
  • Difference between UK and Global upstream emissions intensity (net equity, 2020)
  • PGNiG’s Norwegian gas production
  • Wood Mackenzie’s twenty 2020 wildcats to watch
  • Impact of EGO 1/2020 reforms
  • Equinor interest in Thrace basin, Turkey
  • Netherlands liquids production
  • UK North Sea decommissioning in the 2020s
  • Shell’s Southern North Sea activity, with the licences recently farmed-in to with Egdon and Cluff highlighted
  • Lundin Petroleum’s net production by power source
  • Greater Buchan Area fields
  • Cyprus maritime border dispute and Turkish Petroleum well locations
  • Successful awards and commitment wells in APA 2019
  • Top 10 companies by licence awards
  • Number of exploration wells and discovered resource in Europe
  • Rate of return from exploration in Europe
  • OMV Petrom divestment programme in Romania
  • Premier Oil UK production following acquisitions
  • Equinor Norway carbon reduction projects
  • Albania licensed acreage
  • Top Europe onshore greenfield start-ups (>50 mmboe) since 2005
  • Field start-ups across the North Sea in 2019
  • Trans-Anatolian Pipeline (TANAP) map
  • Beryl Area Production
  • ExxonMobil upstream valuation by European country
  • Prospective buyers' UK production by year
  • Top 10 UK onshore discoveries
  • North Sea transportation systems
  • Cyprus maritime border dispute and TPAO well locations
  • Value creation of top 10 UK explorers by net wells drilled 2014-18
  • MOL working interest liquids production by country
  • Nord Stream 2 and Bornholm Island - permit applies to 'Route 3'
  • SSE's portfolio in Lens Global Upstream Valuations
  • Thrace basin tight gas play
  • ONE-Dyas asset divestment
  • Cyprus maritime border dispute and Turkish Petroleum well locations
  • Exploration success in European countries by metric
  • Neptun Deep comparison
  • Deepwater state pre-share comparison
  • Top ten 2019 producers in UK
  • Implied Long-term Oil Price, 'notable' Norway and wider North Sea deals highlighted
  • Cyprus - Eni and Total blocks
  • Majors’ net exploration acreage by European country
  • Blocks awarded in 2nd Onshore Bidding Round
  • Value impact of reversing the gas levy
  • Maximum tax loss position in the UK by company (2019 - 2023)
  • Wisting and Sputnik in the northern Hoop area of the Barents Sea
  • Wellwatcher flies into Stavanger
  • Success rates and number of exploration wells in Norway
  • Bulgaria's deepwater Tervel block
  • Cyprus key discoveries, infrastructure and maritime border dispute
  • Evolution of full project value at Johan Sverdrup
  • Romania’s 11th licensing round (onshore and offshore blocks)
  • History of private equity in the North Sea
  • Khan Kubrat-1 exploration well
  • NOAKA area (including Liatårnet discovery)
  • UK discovered resource per well (2009-present)
  • Greece licensed blocks
  • ExxonMobil Norway production by field
  • Siccar Point production by field
  • Winning bidders in Ukraine’s three International Oil & Gas Licensing Rounds
  • European IOC peer group by value (enterprise value or WM NPV10)
  • Creaming curve in SNS showing top 10 Carboniferous discoveries
  • Snadd Outer Outer/Black Vulture discovery
  • Location of the Dolphin block and surrounding discoveries
  • Uptake by Majors
  • UK 31st Licensing Round Awards
  • Top five UK producers in 2019
  • Albania liquids production
  • Top 10 countries by prospective resource
  • Edison's Italy working interest production
  • UK decommissioning capex by sector
  • UK West of Shetlands prospective/discovered resources
  • Ithaca's position within the 2019 UK top producers if the bid is successful
  • North Sea Q1 2019 exploration well results
  • North Sea discovered resource v resource per well
  • Location of the Dolphin block and surrounding discoveries
  • Location of GGO's Greenlandic licences
  • Edison working interest production by country
  • Norway and UK deal value traded (US$ billion)
  • Location of the Rattray Volcanic Province in the Central North Sea, with fields producing from reservoirs older than the volcanics highlighted
  • Blocks awarded in Ukraine's 1st International Oil and Gas Licensing Round
  • Location of RockRose and Marathon's assets in the UK North Sea
  • Midia Gas Development overview
  • Greater Buchan area in the Outer Moray Firth
  • Dutch success rates and average discovery sizes
  • Dutch exploration wells onshore and offshore since 2014
  • Location of Glengorm discovery in the UK Central North Sea and inferred tie-back
  • Successful awards and commitment wells in APA 2018
  • Value impact of turnover contribution levy
  • 2019 Norwegian E&A wells in which DNO participates
  • Dyas and ONE combined production profile
  • MOL net cash flow with additional Azerbaijan deal
  • Total Norway cash flow: impact of tax changes
  • ExxonMobil pre-capex cash flow margins by country (2020 to 2025 average)

What's included

This report contains:

  • Document

    Europe upstream in brief

    PDF 21.07 MB

  • Document

    North Sea upstream webinar the key things to look for in 2021 presentation slides

    PDF 1.91 MB